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Biden Administration Loans $1.2 Billion to Enhance EV Battery Supply Chain

June 12, 2024 1 min read
author Anamika Mishra, Sub Editor
To finance the construction of a new manufacturing facility in Indiana that will produce parts for electric vehicle batteries, Entek Lithium Separators is being offered a conditional $1.2 billion loan by the U.S. Department of Energy (DOE). Battery separators, which function as membranes between electrodes in batteries to keep them from shorting out, are Entek's main product. The business plans to construct a new plant in Terre Haute, Indiana, that will have the capacity to produce approximately two million mid-size EV battery separators. By "strengthening the U.S.

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